Facilitating Access to Financing for Tradesmen

Minister of Trade Ömer Bolat emphasized that new supports have facilitated access to financing for tradesmen and artisans. Minister of Trade Ömer Bolat made statements regarding the new supports for tradesmen and artisans. Bolat underscored the importance of tradesmen reaching affordable and large-scale financing sources more easily within this scope. He stated that they anticipate […]

Mosque Generating its Own Electricity with Solar Panels: Excess Energy is Sold

The Mevlana Mosque in Bursa, which had solar panels installed on its roof, along with the mosque’s affiliated Quran course, no longer pay electricity bills. They now also make a profit by selling excess energy to the electricity distribution company, earning between 15,000 to 20,000 Turkish Liras per month. The association managers of the Mevlana […]

Tragedy in the Mediterranean: Missing in the Sea

According to Italian reports, the bodies of six individuals were found after a boat capsized near the island of Lampione in Italy. It was announced that six people died and 40 others went missing after the irregular migrant boat capsized in the Mediterranean Sea while attempting to cross from Africa to Europe. Reportedly, 10 individuals […]

Ministry of Trade grants foreign trade status to 8 companies

The Ministry of Trade has granted foreign trade capital company status to 8 more companies. The Ministry of Trade’s Decision Communiqué on Foreign Trade Capital Companies was published in the Official Gazette and entered into force. With this decision, foreign trade capital company status has been granted to 8 more companies. As a result, the […]

Market Volatility: Stock market, dollar, and euro fluctuated

There is a fluctuating trend in the markets… The stock market lost over 5% in value. After hitting record highs with the dollar exceeding 41 lira and the euro surpassing 45 lira, they both turned downwards. Meanwhile, gram gold tested 4,000 lira. The BIST 100 index in Borsa Istanbul started the day with a 6.87% […]

Number of motorcycles surpasses cars in 5 provinces

In Turkey, the number of registered motorcycles has exceeded that of cars in five provinces. Manisa stood out as the province with the largest difference between motorcycles and cars. As of February, the record level of 6,329,732 registered motorcycles was reached in Turkey, surpassing the number of cars in Aydın, Kilis, Manisa, Muğla, and Iğdır. […]

Celebration Turned Tragic in Iran: “Wednesday Fire” Event Claims 19 Lives

In the “Wednesday Fire” celebrations in the capital city of Tehran, 19 people lost their lives. The number of injured was reported as 5,568. The “Wednesday Fire” celebrations, which started after iftar in Tehran yesterday, saw some citizens jumping over fires while others used fireworks, firecrackers, and at times homemade explosives. In Iran, during the […]

What is Devaluation and What Happens if Devaluation Occurs in a Country?

The concept of devaluation, an economic term, is often of interest to investors and citizens closely following economic developments. Usually, devaluation decisions taken due to economic necessity are made consciously by a country’s central bank. Devaluation has both positive and negative effects on the economy. So, what is devaluation, and what does it mean? What […]

Limitation on loans by development and investment banks

The Banking Regulation and Supervision Agency (BRSA) has imposed limitations on the loans that development and investment banks can grant to individuals or groups, excluding Istanbul Settlement and Custody Bank Inc. and Provincial Bank Inc. BRSA defined the credit limit ratios that development and investment banks can offer. In the statement made by the BRSA […]

Message to Markets from Minister Şimşek

Minister of Treasury and Finance Mehmet Şimşek stated that “The economic program we are implementing continues with determination.” Making a statement regarding the movements in the markets, Minister Şimşek used the following expressions on his social media account: “Everything necessary is being done for the healthy functioning of the markets. The economic program we are […]